12.09.2006 13:00:00
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First Data to Process Online Foreign Currency Payments for Chase Paymentech Solutions
Under the agreement, First Data International, utilizing itsOmniPay processing solution, will provide payment processing servicesto Chase Paymentech's portfolio of global e-Commerce merchants. TheOmniPay merchant processing platform, located in Dublin, Ireland, willprocess transactions for Chase Paymentech's merchant portfolio, inmost major currencies on a single platform in all markets where ChasePaymentech's merchants are based.
"As we continue to expand our capabilities to drive the growth ofour merchants, we seek partners with scale and presence ininternational markets," said Mike Duffy, Chief Executive Officer ofChase Paymentech Solutions. "With First Data's OmniPay unit, we haveaccess to a range of global wholesale payment services that arecompliant with cross-border card schemes and local regulations. Thisensures that Chase Paymentech can expand its legacy of providingmerchants with integrated payment solutions in a timely andcost-effective manner."
Speaking today about this new partnership, Brian Connolly, OmniPayCEO, said: "The OmniPay team here in Dublin continues to enhance itscustomer offering by constantly building new functionality, whichfacilitates global eCommerce. Winning this business consolidatesOmniPay's position as the leading global merchant processing platformin the world today."
OmniPay's technology platforms and processing solutions enablebanks and institutions to compete in new geographic markets.
Commenting on the agreement, Pam Patsley, President, First DataInternational, said: "First Data is delighted to strengthen itslong-standing relationship with Chase Paymentech Solutions, and welook forward to further growing this partnership. Our OmniPay solutionis an integral part of our worldwide merchant strategy providing ouracquiring partners with flexible solutions to meet their needs."
About First Data
First Data International, part of First Data Corp. (NYSE:FDC), isa leading provider of electronic commerce and payment solutions forfinancial institutions and merchants around the world. First DataInternational serves a diverse range of markets, leveraging globalscale through a local presence and maintaining focus on individualclient needs. The company has approximately 6,700 employees andoperates across Europe, Middle East and Africa, Latin America, Canada,Australia and Asia-Pacific.
First Data serves 4.6 million merchant locations, 1,700 cardissuers and millions of consumers. First Data powers the globaleconomy by making it easy, fast and secure for people and businessesaround the world to buy goods and services using virtually any form ofpayment. The company's portfolio of services and solutions includescredit, debit, private-label, gift and other prepaid card issuing andmerchant transaction processing services; money transfer services;money orders; fraud protection and authentication solutions; checkguarantee and verification services through TeleCheck; as well asInternet commerce and mobile solutions. Western Union, together withits affiliates Orlandi Valuta and Vigo, are leaders in global moneytransfer, providing people with fast, reliable and convenient ways tosend money around the world, pay bills and purchase money ordersthrough a network of over 270,000 agent locations in more than 200countries and territories. The company's STAR Network offersPIN-secured debit acceptance at 1.9 million ATM and retail locations.For more information, visit www.firstdata.com.
About Chase Paymentech Solutions
Chase Paymentech Solutions, LLC, headquartered in Dallas, Texas,is the nation's largest financial transaction processor for businessesaccepting payments via traditional point of sale, hospitality,Internet, retail, catalogue and recurring billing. The privately heldcompany is an end-to-end processor for merchants of all sizes andindustries and is a result of the 2005 integration of the formerPaymentech and Chase Merchant Services. The integrated companiesprocessed approximately 15.5 billion transactions in 2005, with morethan $560 billion in annual bankcard and debit volume in both theUnited States and Canada. Chase Paymentech Solutions' customer baseincludes more than 600,000 merchants with nearly 1 million locationsacross the United States and Canada, including many of the top brands.Chase Paymentech is a joint venture between JPMorgan Chase & Co. andFirst Data Corp.
Learn more about Chase Paymentech Solutions, LLC paymentprocessing services at www.chasepaymentech.com.
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